Efficient Risk Sharing with Model Uncertainty

I study risk sharing arrangements in settings characterized with Knightian uncertainty. In general both the demand for insurance and risk perceptions are endogenous and interact in these settings. This paper attempts to identify the key mechanisms affecting insurance in stylized environments differing in two dimensions - market completeness and nature of uncertainty. This in turn has bearing on market price of risk and long-run survival.

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Year of publication:	2013
Authors:	bhandari, anmol
Institutions:	Society for Economic Dynamics - SED

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Series:	2013 Meeting Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series 2013 SED Meeting Papers Number 1313
Source:	RePEc - Research Papers in Economics

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